Hello from Los Angeles

[Jon S.]

Hey Everyone, new guy here. Lately my wife and I have become more and more interested in REI and I am glad I found this community.

About us:

We are both 31 years old and work in the medical field. We are looking for personal and financial growth and have heard from multiple friends of their success stories in REI. We recently sold our own home and were in the market for our next. However, now we are considering using our gained equity to enter into the flipping market. So currently we don't actually have any physical collateral for loans, but what we do have is some money in the bank, excellent credit, and decent income from our day jobs. We are fortunate in the sense that I work 3 days/week and she works 2 days/week, so we have plenty of spare time for other endeavors.

We are in the very beginning stage of all this and currently only doing research.  Just trying to read as much material as possible before getting started.  Is flipping houses generally considered a high risk/high reward endeavor?  We figure we are young enough to take big risks in exchange for (hopefully) big rewards.  I have read numerous posts of investors holding onto flips and renting them out instead of selling, which sounds great for long term stability.  However I think right now we are more interested in short term gains.  Any advice you can offer us would be greatly appreciated.  

Cheers!